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Gate.io CEO: It is expected that relevant regulations will eventually allow the provision of Spot encryption services on the platform.
According to Jinse Finance, Rick Wurster, CEO of Jiaxin Wealth Management, told analysts in a conference call this week: "We do hope to provide Spot Cryptocurrency services, and we expect that Cryptocurrency-related regulations will eventually allow us to do so." Financial Times reported that the US SEC on Thursday overturned guidance known as SAB 121, which could open the door for Wall Street banks to custody cryptocurrencies.